Filed March 6, 2023
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Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $107,578 | $78,707+36.7% | $117,861-8.7% | $70,126+53.4% |
| Participation rate | 71.1% | 73.2%-2.1pp | 79.7%-8.6pp | 69.5%+1.5pp |
| Annual return | 9.72% | 23.30%-13.6pp | 335.11%-325.4pp | 73.15%-63.4pp |
| Employer contribution / active EE | $2,009 | $2,223-9.6% | $3,786-46.9% | $2,343-14.2% |
| Participant deferral / active EE | $3,344 | $3,297+1.4% | $4,482-25.4% | $3,332+0.4% |
| Admin fee / account holder | $1,694 | $5,066-66.6% | $8,021-78.9% | $4,645-63.5% |